Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares to Reverse Split on Monday, January 6th

Shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) are scheduled to reverse split on Monday, January 6th. The 1-10 reverse split was announced on Thursday, January 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, January 3rd.

Creative Media & Community Trust Co. Stock Performance

CMCT stock traded down $0.02 during midday trading on Thursday, reaching $0.21. The stock had a trading volume of 106,179,063 shares, compared to its average volume of 487,262. The firm has a fifty day simple moving average of $0.28 and a two-hundred day simple moving average of $1.30. Creative Media & Community Trust Co. has a 52-week low of $0.11 and a 52-week high of $4.40. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a market cap of $18.13 million, a PE ratio of -0.07 and a beta of 0.45.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The firm had revenue of $28.62 million during the quarter. During the same period last year, the firm earned ($0.30) EPS. As a group, equities research analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Creative Media & Community Trust Co. in a research report on Thursday. They set a “sell” rating for the company.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Several large investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth $29,000. EWG Elevate Inc. purchased a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at about $37,000. Stonebridge Financial Planning Group LLC purchased a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at about $39,000. Calton & Associates Inc. acquired a new stake in Creative Media & Community Trust Co. in the 3rd quarter valued at about $47,000. Finally, Carnegie Investment Counsel purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $50,000. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.